When the Name of the Payee Is Spelled Incorrectly, the Payee

question 32

Multiple Choice

When the name of the payee is spelled incorrectly, the payee:

• A) must indorse the instrument with the incorrect spelling of the payee's name.
• B) must indorse the instrument with the correct spelling of the payee's name.
• C) may indorse the instrument with either the correct or incorrect spelling of the payee's name.
• D) may not indorse the instrument.

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Definitions:

Accommodation

According to Piaget, the modification of schemas so that information inconsistent with existing schemas can be integrated or understood.

Dramatic Gains

Significant improvements or advancements in a specific area, often unexpectedly or within a short period.

Height And Weight

Physical measurements that indicate the size and mass of a human body, often used as indicators of health and development.

Prenatal Development

The progression of maturation and advancement inside the uterus from the moment of fertilization to delivery.